Texas Apartment Market Update– May 2006
All significant Texas markets published reductions in typical tenancy in May, tenancy continues to be over 90% in all 4, with Austin taping the greatest at 93.02%. The most affordable tenancy was discovered in Dallas/Fort Worth at 90.18%.
Austin has the greatest typical rental fee per square foot as well, at $0.931 per square foot (psf); Dallas/Fort Worth uploaded the 2nd greatest at $0.868 psf. Publishing the weakest absorption numbers in May was the Houston market, at -477 devices.
degree. Typical leas, presently at $0.931 psf, are $0.002 psf more than last month and also $0.003 psf greater than in 2014. Month-to-month absorption went back to favorable area, as 236 devices were taken in, bringing yearly absorption to 3,709 systems.
Ordinary leas raised $0.001 psf to $0.868 psf, and also are $0.005 psf greater than May 2005 degrees. The market soaked up 216 devices over the month; yearly absorption currently amounts to 13,468 devices.
Houston house market tenancy dropped 0.19 factors over the month to 90.57%, however has actually gotten 3.75 factors given that this moment in 2014. Rental prices got $0.001 psf in May as well as are up $0.026 psf throughout the years. Absorption over the month was -477 systems; nevertheless, over-the-year absorption stays well in the black at 22,628 devices.
San Antonio tenancy lowered 0.31 indicate 91.38%, and also is up 0.17 factors throughout the years. Rental prices uploaded a decline of $0.002 psf over the month, yet are up $0.010 psf given that May 2005. Absorption declared for the 4th month straight, at 243 devices, while yearly absorption stands at 3,792 systems.
Ordinary rental fees, presently at $0.931 psf, are $0.002 psf greater than last month and also $0.003 psf greater than last year. Ordinary leas enhanced $0.001 psf to $0.868 psf, as well as are $0.005 psf greater than May 2005 degrees. Rental prices got $0.001 psf in May and also are up $0.026 psf over the year. Rental prices published a decline of $0.002 psf over the month, yet are up $0.010 psf because May 2005.